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Exam (elaborations)

AGEC 235 QUESTIONS WITH COMPLETE ANSWERS

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AGEC 235 QUESTIONS WITH COMPLETE ANSWERS

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According to the textbook, under the ________ method, the interest charge on a
consumer loan is subtracted from the principal before you receive the money.


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Discount

,A ______ is depositing an equal sum of money at the end of each year, allowing it to
grow.


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Compound Annuity




All except for ______ are variables that impact the Future Value of an investment in
regards to the Time Value of Money.


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The Rule of 72




Carrying a ______ credit card balance will increase your credit score.


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Lower




Compounding may be ______ .


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All of the Above (Monthly, Daily, Annually)

, A _______ is drawn on the bank's account (rather than your account)


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Cashier's Check




_____ is the first step to take when researching an employer to prepare for an interview.


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Re-reading the position description.




The Month's Living Expenses Covered Ratio for someone with $15,000 in annual living
expenses and $15,000 in liquid assets is _____.


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12




According to the lecture on Preparing for Graduation, ______ have historically been
more likely to negotiate their job salaries.


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Men

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